I'm asking for any experience and suggestions from any BP  members who have knowledge of a situation like this and what can I do to adjust my REI business model to deal with this.I didn't have flood insurance and hoping I get the FEMA grant that has been approved for the area.This is a very difficult time and thousands of people like me are doing everything we can to survive and come out of this in one piece. 

I.e. 5x income needed to survive?

Unless you can survive such an event, it is probably best to wait a bit and build up some more capital and consider taking a plunge when you get closer to $50k or more.  

The first 5 years in business about 80% of those agents that survive the first year will be gone.I was at the bank today and the teller said everyone I know coming in is saying they are getting into real estate.

Mold needs oxygen and humidity/moisture to survive, so if you get the moisture issues fixed and rob it of oxygen it won't come back.

I have a side job, so will not need to depend on selling as many homes as possible to survive and I live minimally.

Perhaps it's a relative or a surviving spouse, ex-spouse, life partner, etc.

I was reading where some liens will survive and some will not.

Is anyone following this (see link to story below) and have an update on the status of the 1031 Exchange?

http://www.1031exchangeresource.com/1031-exchange-tax-cut/

@Matthew Shultis a big portion of it is the financial ability to survive until you build your business.